Tuesday, March 8, 2011

Why Twitter Matters to Your Business

    With JPMorgan rumored to be eyeing a minority stake in Twitter that would value the company at $4.5 billion, it’s time for business owners and managers to start taking Twitter seriously.  Not surprisingly, like many other aspects of web-marketing and social media, what you can do with Twitter can offer productive and measurable results.
    As we entered the Twitter age it was viewed primarily as a medium for the most basic form of social communication.  With limited message space (140 characters) short quick messages were the norm.  As with many new technologies it spread, and now Twitter has moved from a fad to a tool for many business applications.  Recently the financial and other industries have begun to use Twitter to communicate with clients mostly on mobile platforms.  With the very large and growing numbers of “smart phones” and other portable communication devices the possibilities are virtually limitless.
    For your business, having thousands of Twitter followers doesn’t mean much unless you’re reaching the right people.  For you, the “right people” means your client / customer base or potential clients / customers.  Chances are some of the people you do business with today are active on Twitter.  By establishing your own Twitter identity and inviting your existing clients / customers to “follow” you, you accomplish several things.
    First, you maintain your role as thought leader. Consider this - if your clients / customers are active on Twitter, they are listening to (following) someone.  It’s in your best interest (and your clients / customers) to make sure that you are one of the “someone’s” they follow.
    Second, you open up a different type of communication channel.  Not every client interaction you have needs to be an hour long meeting.   Sometimes a brief message pointing your clients / customers to an article supporting your point of view is enough.  Twitter is perfect for this.
    Finally, Twitter gives you an opportunity to develop a following of your own outside your client / customer base.  These people may someday become new clients / customers!  Here are a few ways to attract more quantity, quality, and qualified followers.

1. Participate in the Conversation   Where is your industry on Twitter?  Who are the leaders?  What kind of content is being shared, and what language are they using?  Being a part of your industry on Twitter will connect you to a more relevant audience.  Learn what others in your industry are "tweeting".

2. Follow People That You Want to Know   Don’t just follow anyone with the hopes that they’ll follow you back.  From industry experts to potential leads, follow people that you’re interested in and that you want to attract.  Connect with me on Twitter here @jwbinterest   or  @johnburdin . One account for business and one personal isn’t necessarily needed, but is an alternative with more exposure.

3. Introduce Yourself   Social media is like one big cocktail party.  If there are people that you are really focused on getting to know, simply introduce yourself.  It’s easy and more effective to make a personal introduction.  You can also make a comment about their blog or ask a question.

4. Stay Focused   If you’re on Twitter for business keep it industry focused.  Don’t Tweet solely about your kids or what you ate for lunch.  Although some personal interaction is acceptable, discussing relevant topics will attract a more targeted audience.

5. Don’t Rely Solely on Automation   If you use automation tools (e.g. Facebook status posted directly to Twitter), make sure you create pertinent messages and schedule posts over a varied period of time.  Automated only posts can look very impersonal, and be seen as SPAM.

6. Tweet a Balanced Mix of Information   Include content from your blog as well as your thoughts on industry news or links to interesting articles.

7. Join Twitter Discussions   Get involved in discussions about industry topics to draw attention to your expertise.  Use the Twitter search tool or search by hashtag (#consulting, #business advisor, #management) to find relevant topics.

8. Retweet (RT)   Retweet posts that you find interesting to increase your visibility.  People who follow the person you Retweet or the hashtag you include will see you as someone with similar interests.  Make sure you use the @name when you mention other Twitter users to help build relationships.  If others are monitoring conversations about themselves, they will notice your Retweet.

9. Listen to Your Audience   Pay attention to what your audience is talking about.  What questions are they asking?  What information are they requesting?  If you provide valuable Tweets to your followers you will likely attract more quality followers.  Respond to questions with quality content and people will see you as an informative resource, follow your Tweets, and may even Retweet you.

10. Promote Your Twitter Handle   Add your handle (your @name) to your email signature, business cards, website contact information and your blog.
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John Burdin,  TJ Gilsenan
March 8, 2011

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